In February last year, we saw a decline to 4.9% in the Australian unemployment rate which came as a bit of a surprise, but the unemployment rate ticked higher to 5.0% again in March, which was revised higher to 5.1%. In April we saw another increase to 5.2%, so the economic weakness is also being felt in employment. In May, the unemployment rate was expected to decline to 5.1%, but it missed expectations and remained at 5.2%, where it has been since then, but it ticked higher unexpectedly in August. Although, unemployment ticked down to 5.2% again in September, moved to 5.3% again in October, but moved back down to 5.2% in November again and again to 5.1% in December. The unemployment rate stood at that level in February, while in March it ticked higher to 5.2%, but it is expected to jump to 8.3% in April due to coronavirus. Although, it didn't increase too much, coming at 6.2%, which is much better than other major countries. But it jumped to 7.1% in May and to 7.4% in June, while in July it increased to 7.5%, but it declined to 6.8% in August. In September though, we saw another increase to 6.9%, while jobs declined by 29.5K. Since then, unemployment has been declining as the global economy improved, but it moved higher in July, after Australia brought back lock-downs again and in October we saw a jump to 5.2%, which came down to 4.2% in December. It continued declining to 3.4% but it ticked higher to 3.5% earlier and was expected to move up to 3.6% again in June, but remained unchanged. This month though the unemployment rate is expected to move higher to 3.7%. Please follow us for live coverage of this event by experienced market analysts.